Light & Wonder Files 8-K

TL;DR

LNW filed an 8-K on Feb 10, 2025, for a material agreement & financials.

AI Summary

Light & Wonder, Inc. filed an 8-K on February 10, 2025, reporting the entry into a material definitive agreement and the filing of financial statements and exhibits. The filing does not contain specific details about the agreement or financial figures within the provided text.

Why It Matters

This filing indicates a significant event for Light & Wonder, Inc., potentially involving a new material agreement or updated financial information that could impact investors.

Risk Assessment

Risk Level: low — The filing is a standard procedural report and does not contain information that inherently suggests high risk.

Key Players & Entities

• Light & Wonder, Inc. (company) — Registrant
• February 10, 2025 (date) — Date of earliest event reported
• Nevada (jurisdiction) — State of incorporation
• 83-0422894 (identifier) — IRS Employer Identification No.
• 001-11693 (identifier) — Commission File Number
• 6601 Bermuda Road, Las Vegas, NV 89119 (address) — Registrant's business address

FAQ

Key Financial Figures

• $1,000,000,000 — w revolving commitments in an amount of $1,000,000,000, which replace the existing revolving c
• $750,000,000 — commitments (which were in an amount of $750,000,000) under the Credit Agreement, (ii) exten
• $500,000,000 — , 2028), solely to the extent more than $500,000,000 of such term loans and/or such applicab

Filing Documents

• tm255929d1_8k.htm (8-K) — 27KB
• tm255929d1_ex10-1.htm (EX-10.1) — 1428KB
• 0001104659-25-010979.txt ( ) — 1917KB
• lnw-20250210.xsd (EX-101.SCH) — 3KB
• lnw-20250210_lab.xml (EX-101.LAB) — 33KB
• lnw-20250210_pre.xml (EX-101.PRE) — 22KB
• tm255929d1_8k_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On February 10, 2025, Light and Wonder International, Inc. (" L&WI "), a Delaware corporation and wholly owned subsidiary of Light & Wonder, Inc., a Nevada corporation (the " Company "), entered into that certain Amendment No. 3 (" Amendment No. 3 ") to the Credit Agreement dated April 14, 2022 by and among the Company, L&WI, the several banks and other financial institutions or entities from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, issuing lender and swingline lender (as amended by the Amendment No. 1, dated as of January 16, 2024, as further amended by the Amendment No. 2, dated as of July 17, 2024, and as further amended, supplemented, amended and restated or otherwise modified from time to time, the " Credit Agreement "). Amendment No. 3, among other things, (i) provides for new revolving commitments in an amount of $1,000,000,000, which replace the existing revolving commitments (which were in an amount of $750,000,000) under the Credit Agreement, (ii) extends the maturity of the revolving commitments to the earlier of (x) February 10, 2030 and (y) such earlier date that is 91 days prior to the maturity of our existing term loans (scheduled to mature on April 14, 2029) and existing notes (the earliest maturity of which is scheduled for May 15, 2028), solely to the extent more than $500,000,000 of such term loans and/or such applicable notes are outstanding on such earlier date, and margin for the revolving loans bearing interest at a term benchmark rate (SOFR, EURIBOR and BBSY, each as defined in the Credit Agreement) to, based upon certain leverage tests, between 2.00% and 1.50% per annum, and for loans bearing interest at ABR (as defined in the Credit Agreement),between 1.00% and 0.50% per annum. The forego

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amendment No. 3, dated as of February 10, 2025, among Light and Wonder International, Inc., as the borrower, Light & Wonder, Inc., as holdings, the several banks and other financial institutions or entities from time to time parties thereto and JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, issuing lender and swingline lender, which amended that certain Credit Agreement, dated as of April 14, 2022. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LIGHT & WONDER, INC. Date: February 10, 2025 By: /s/ James Sottile Name: James Sottile Title: Executive Vice President, Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR